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EOFY Payroll

2023 Payroll Reconciliation checklist/authority is now available! If you missed the Bove Bulletin, please click here to complete your 2023 Payroll Reconciliation checklist or follow the prompts to authorise our office

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EOFY Stocktake

Businesses that keep trading stock generally need to provide evidence of the level (quantity) and value ($) held at 30 June.  In these instances, a physical stocktake is required at

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Work in Progress

A calculation is required each tax year with respect to work that has been carried out but not yet completed by 30 June.  This is particularly important if you are

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Directors Liability

Notice to all Directors: From appointment date, a director has 30 days to decide to resign with no potential for exposure to adverse personal financial liability.  Furthermore,  all directors have

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Car Odometer Readings

Remember to record your odometer readings as at June 30!  Also, make sure that your car log book is valid; a valid log book is one that is less than

Portrait of happy customer buying new car
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Instant Asset Write-off

Thinking of purchasing assets for your business? From 30 June 2023, the instant asset write-off thresholds have changed: For more information, click on Instant asset write-off and small business concessions.

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Bank Reconciliations

Make sure you reconcile all bank accounts up to and including 30 June and not to the end of the statement.  This includes all term deposits, loans, credit cards and

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Reckon Accounts 2023

IMPORTANT:  UPGRADING TO RECKON ACCOUNTS 2023 If you are an Employer using the integrated payroll system in Reckon Accounts/Reckon Accounts Hosted, update your file: ONLY once you have processed your last

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2022 EOFY Checklist (Previously “FYCF”)

The introduction of the Tax Agent Services Act 2009 means a greater safeguard for taxpayers and our EOFY Checklist (previously “FYCF”) has been designed specifically with this in mind. The

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New Tax Tables 2022

Tax rates have changed! Employers must use the latest tax tables to calculate withholding.